What interest rate did hereceive on his investment

Reference no: EM13541211

An investor purchased 100 shares ofOmega common stock for 10,000. He held the stock for nine years.For the first four years he received annual end-of-year dividendsof $1,000. For the next four years he received annual dividends of$400. He received no dividend for the ninth year. At the end of theninth year he sold his stock for $11,000. What interest rate did hereceive on his investment?

Reference no: EM13541211

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